The USD/CAD pair recorded slight losses, trading around the 1.3700 level during European trading hours on Friday. Technical analysis of the daily chart shows a bullish breakout above a rising falling wedge pattern. The 14-day Relative Strength Index (RSI) at 35.12, below the midline, reflects weak momentum after a slight rise from readings below 30.
The USD/CAD pair remains below the 50-day Exponential Moving Average (EMA) and marginally below the nine-day EMA, keeping the bears ahead. Both averages are sloping downward, with the short-term line flattening near the spot price.
The USD/CAD pair reached a new five-month low of 1.3642 on December 26. Further declines will pull the pair inside the wedge and put downward pressure on the pair to test the lower limit of the falling wedge around 1.3550, followed by 1.3539, the lowest level since October 2024.
On the upside, the USD/CAD pair may test its immediate barrier at the nine-day EMA at 1.3715. A break above the short-term average would take the pair closer to the 50-day EMA at 1.3848. Further advance above the average in the medium term would improve price momentum and support the pair to target a four-week high of 1.4014, which was reached on December 2.
Canadian dollar price today
The table below shows the percentage change in the Canadian Dollar (CAD) against the major currencies listed today. The Canadian dollar was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.04% | 0.05% | 0.02% | -0.17% | -0.30% | -0.16% | -0.03% | |
| euro | 0.04% | -0.06% | 0.06% | -0.12% | -0.32% | -0.13% | 0.00% | |
| GBP | -0.05% | 0.06% | 0.08% | -0.11% | -0.27% | -0.07% | 0.07% | |
| JPY | -0.02% | -0.06% | -0.08% | -0.18% | -0.44% | -0.24% | -0.04% | |
| Canadian | 0.17% | 0.12% | 0.11% | 0.18% | -0.17% | -0.02% | 0.14% | |
| Australian dollar | 0.30% | 0.32% | 0.27% | 0.44% | 0.17% | 0.19% | 0.33% | |
| New Zealand dollar | 0.16% | 0.13% | 0.07% | 0.24% | 0.02% | -0.19% | 0.14% | |
| Swiss franc | 0.03% | -0.01% | -0.07% | 0.04% | -0.14% | -0.33% | -0.14% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the Canadian dollar from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
(The technical analysis for this story was written with the help of an artificial intelligence tool.)
